News Topic: florida

Small banks and credit unions say slow responses and outdated products from the establishment tech vendor can become a drag on their innovation efforts. ... Read full article

Seacoast readily agreed to buy First Green Bank. The next step is determining which of the seller's programs, including car-charging stations and discounted rates for green projects, to keep. ... Read full article

A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. financial system. ... Read full article

Legacy tech vendors have traditionally offered decadelong contracts. But given constant change in the industry, small banks today should push for three-year deals, a bank CEO says. ... Read full article

The transaction was set up to give Mercantil more autonomy to expand in South Florida, Houston and New York. ... Read full article

Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank. ... Read full article

The credit union, which plans to keep all of Oculina Bank's employees, will also provide more products and services. ... Read full article

The creation of the Consumer Financial Protection Bureau was widely expected to centralize regulation of payday and other high-cost loans in Washington. It hasn’t worked out that way. ... Read full article

Florida created headaches for the Georgia company during the financial crisis. Increased discipline, and wholesale changes to banking, make the $3 billion purchase of FCB Financial less risky, CEO Kessel Stelling says. ... Read full article

The Mississippi company will also gain its first branches in southern Georgia as part of the $80 million deal. ... Read full article

The $2.9 billion deal is the Georgia company's first traditional whole-bank acquisition since 2006. It is also the year's second-biggest bank acquisition. ... Read full article

First Green Bank in Florida had to stop holding deposits for licensed marijuana sellers as a condition of making a deal. ... Read full article

The company will no longer originate indirect auto loans outside of Florida and Georgia. ... Read full article

OneUnited in Boston recently issued a debit card supporting immigrants, taking a public stand on a divisive national issue. ... Read full article

P. Byron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp. ... Read full article

The Orlando, Fla., bank has bought Allied Affiliated Funding in Dallas in an effort to branch out beyond traditional commercial and consumer lending. ... Read full article

Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman. ... Read full article

Charter One wanted to sell itself quickly because it feared valuations had peaked, and CenterState was able to beat other potential suitors to the punch. ... Read full article